Sector Update: Energy

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Energy shares are flat in pre-market, while crude oil futures are firmly higher.

Light, sweet crude oil for January delivery is trading up $1.04 at $98.38 per barrel. In other energy futures, heating oil is up $0.02 at $3.03 a gallon while natural gas is up $0.05 at $4.28 per million British thermal units.

In energy ETFs, the United States Oil Fund ( USO ) is up 1% at $35.26. The United States Natural Gas ETF ( UNG ) is up 1.00% at $20.91.

In other energy news, Talisman Energy Inc. (TLM.TO,TLM) today announced that two of its affiliates have reached agreement to sell their approximately 12% equity interest in the Ocensa Pipeline in Colombia to an investment group led by Advent International for a total cash consideration of approximately US$595 million. Talisman is slightly lower in U.S. pre-market trade.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: UNG , USO

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